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TEXAS LEGAL INFORMATION
LLC Links -- Forms and Statutes
Selected Statutes from Texas Business Associations Code
- § 11.056. SUPPLEMENTAL PROVISIONS FOR LIMITED LIABILITY
COMPANY.
(a) The termination of the continued membership of the
last remaining member of a domestic limited liability company is an
event requiring winding up under Section 11.051(4) unless, not
later than the 90th day after the date of the termination, the legal
representative or successor of the last remaining member agrees:
(1) to continue the company; and (2) to become a member of the company effective as of the date of the termination or to designate another person who
agrees to become a member of the company effective as of the date of
the termination.
(b) The event requiring winding up specified in Subsection
(a) may be canceled in accordance with Sections 11.152(a) and 101.552(c).
- § 101.107. WITHDRAWAL OR EXPULSION OF MEMBER PROHIBITED. A member of a limited liability company may not withdraw or be expelled from the company.
- § 301.003. DEFINITIONS. In this title:
(6) "Professional limited liability company" means a limited liability company formed for the purpose of providing a professional service and governed as a professional entity under this title.
(7) "Professional organization," with respect to a professional corporation or a professional limited liability company, means a person other than an individual, whether nonprofit, for-profit, domestic, or foreign and including a nonprofit corporation or nonprofit association, that renders the same professional service as the professional corporation or professional limited liability company only through owners, members, managerial officials, employees, or agents, each of whom is a professional individual or professional organization.
(8) "Professional service" means any type of service that requires, as a condition precedent to the rendering of the service, the obtaining of a license in this state, including the personal service rendered by an architect, attorney, certified public accountant, dentist, physician, public accountant, or veterinarian.
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